Question

69. Mohit invested an amount of Rs. 10000 divided in two different schemes NSC & PPF at the Compound interest rate of 14%p.a and 11%p.a. respectively. if the total amount of interest earned In 2 years be Rs. years be Rs.2726, What was the amount invested in PPF?
a) Rs.5000
b) Rs.4000
c) Rs.6000
d) Rs.7000​

Answer 1

late he invested,x and 10,000 - x

so he will receive a total of x*(1.14^2)+(10,000 - x)*(1.11^2)= 2726

solve to get 10,000 - x value

hope this answer will help you

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